Normative Instruction BCB No. 378 — Creates and alters accounting items in the account list of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif)

PE 223325

NORMATIVE INSTRUCTION BCB NO. 378, OF MAY 9, 2023

Creates and alters accounting items in the account list of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).

The Head of the Department of Financial System Regulation (Denor), in the exercise of the authority conferred by Article 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on Article 12 of CMN Resolution No. 4,858, of October 23, 2020, and Article 10 of BCB Resolution No. 92, of May 6, 2021,

RESOLVES:

Art. 1º Normative Instruction BCB No. 271, of April 1, 2022, shall enter into force with the following alterations:

"Art. 49. ...........................................................................................................

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Sole Paragraph. ..............................................................................................

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IX - 4.9.8.99.00-7 OBLIGATIONS OF INSTITUTIONS IN EXTRAJUDICIAL LIQUIDATION - LAW NO. 11.101/2005, all with attribute Z:

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k) 4.9.8.99.80-1 Subordinated Creditors;

l) 4.9.8.99.85-6 Interest due after the decree of the extrajudicial liquidation regime; and

m) 4.9.8.99.90-4 Other Liabilities.

........................................................................................................................." (NR)

Art. 2º Normative Instruction BCB No. 275, of April 1, 2022, shall enter into force with the following alterations:

"Art. 15. ...........................................................................................................

I - 9.9.8.05.00-3 LABOR CREDITORS – SALARIAL NATURE – THREE PREVIOUS MONTHS, whose function is the recording, by institutions under a liquidation regime decreed before the effectiveness of Law No. 14.112, of December 24, 2020, of the values of obligations related to labor credits of strictly salarial nature due in the three months prior to the decree of extrajudicial liquidation, up to the limit of five minimum wages per worker;

II - 9.9.8.10.00-5 AMOUNTS TO BE RESTITUTED, whose function is to record the values of obligations related to legally assured restitutions and obligations linked to credits that belong or do not belong to third parties and that do not integrate the estate's assets, in accordance with current legislation, except for cash credits subject to restitution provided for in Article 86 of Law No. 11.101, of February 9, 2005, of institutions under an extrajudicial liquidation regime decreed during the effectiveness of Law No. 14.112, of December 24, 2020, which must be recorded in accounting title 9.9.8.15.00-0 EXTRA-CONCOURSE CREDITORS;

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VII - 9.9.8.50.00-3 CREDITORS WITH SPECIAL PRIVILEGE, whose function is the recording by institutions under a liquidation regime decreed before the effectiveness of Law No. 14.112, of December 24, 2020, of credits with special privileges, in accordance with current legislation;

VIII - 9.9.8.60.00-0 CREDITORS WITH GENERAL PRIVILEGE, whose function is the recording by institutions under a liquidation regime decreed before the effectiveness of Law No. 14.112, of December 24, 2020, of credits with general privilege, in accordance with current legislation;

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X - 9.9.8.75.00-2 FINES AND PECUNIARY PENALTIES, whose function is to record contractual fines and pecuniary penalties for violations of criminal and administrative laws, including tax fines, except those established in penalty clauses of unilateral contracts, if the obligations stipulated therein become due as a result of the decree of extrajudicial liquidation;

XI - 9.9.8.80.00-4 SUBORDINATED CREDITORS, whose function is to record subordinated credits, in accordance with current legislation;

XII - 9.9.8.85.00-9 INTEREST DUE AFTER THE DECREE OF THE EXTRAJUDICIAL LIQUIDATION REGIME, whose function is the recording by institutions under a liquidation regime decreed during the effectiveness of Law No. 14.112, of December 24, 2020, of interest due after the decree of the extrajudicial liquidation regime, in accordance with current legislation; and

XIII - 9.9.8.90.00-1 OTHER LIABILITIES, whose function is to record the values of liabilities of institutions in extrajudicial liquidation for which there is no specific account.

§ 1º .................................................................................................................

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II - .....................................................................................................................

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c) 9.9.8.20.30-1 Fund Reserve – Late Filings and Objections;

d) 9.9.8.20.80-6 Unfiled Obligations; and

e) 9.9.8.20.90-9 Provision for Labor Creditors;

III - ....................................................................................................................

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c) 9.9.8.30.30-8 Fund Reserve – Late Filings and Objections;

d) 9.9.8.30.80-3 Unfiled Obligations; and

e) 9.9.8.30.90-6 Provision for Creditors with Real Guarantee;

IV - ...................................................................................................................

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h) 9.9.8.40.80-0 Fund Reserve – Judicial Actions;

i) 9.9.8.40.85-5 Fund Reserve – Late Filings and Objections; and

j) 9.9.8.40.90-3 Provision for Tax Creditors;

V - ....................................................................................................................

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c) 9.9.8.50.30-2 Fund Reserve – Late Filings and Objections;

d) 9.9.8.50.80-7 Unfiled Obligations; and

e) 9.9.8.50.90-0 Provision for Creditors with Special Privilege;

VI - ...................................................................................................................

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c) 9.9.8.60.30-9 Fund Reserve – Late Filings and Objections;

d) 9.9.8.60.80-4 Unfiled Obligations; and

e) 9.9.8.60.90-7 Provision for Creditors with General Privilege;

VII - ..................................................................................................................

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c) 9.9.8.70.30-6 Fund Reserve – Late Filings and Objections;

d) 9.9.8.70.80-1 Unfiled Obligations; and

e) 9.9.8.70.90-4 Provision for Unsecured Creditors;

VIII - .................................................................................................................

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c) 9.9.8.80.30-3 Fund Reserve – Late Filings and Objections;

d) 9.9.8.80.80-8 Unfiled Obligations; and

e) 9.9.8.80.90-1 Provision for Subordinated Creditors.

........................................................................................................................." (NR)

Art. 3º The provisions of this Normative Instruction apply to accounting documents prepared from the June 2023 reporting date.

Sole Paragraph. From the reporting date mentioned in the caput, any accounting balances recorded in other accounting items must be reclassified to the adequate accounting items created by this Normative Instruction, observing the provisions and deadlines provided for in current regulation.

Art. 4º This Normative Instruction enters into force on June 1, 2023.

João André Calvino Marques Pereira

note 449/2023 - BCB/DENOR, OF MAY 9, 2023

Justifies proposal for the issuance of a normative instruction altering the account list of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).

Dear Head of Denor,

This Note justifies the proposal for the issuance of a normative instruction by the Department of Financial System Regulation (Denor), in the exercise of the authority conferred by Article 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on Article 10 of BCB Resolution No. 92, of May 6, 2021, to alter the account list of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).

2. The normative instruction proposal seeks to adapt the account plan of the Accounting Standard for Institutions Regulated by the Central Bank (Cosif) to the amendments of Law No. 11.101, of February 9, 2005, known as the "Bankruptcy Law", introduced by Law No. 14.112, of December 24, 2020, in particular the amendments to Articles 10, 83, and 84, establishing that late filings and objections will result in the reservation of value for the satisfaction of the disputed credit, as well as altering the classification of credits in bankruptcy and the composition of extra-concourse credits.

3. Due to these changes in the Bankruptcy Law, which is subsidiarily applicable to institutions in extrajudicial liquidation, it was found necessary to alter Normative Instructions BCB Nos. 271 and 275, both of April 1, 2022, in order to create and adjust in Cosif the necessary items for the pertinent accounting records, which is why this normative instruction proposal is being presented.

4. In addition, it is necessary to clarify that, in compliance with Article 5 of Law No. 13.874, of September 20, 2019, Decree No. 10.411, of June 30, 2020, determines that proposals for normative acts of general interest of economic agents formulated by bodies and entities of the direct, autarchic, and foundation federal public administration, as well as by collegiate bodies through the body or entity responsible for providing them administrative support, must be preceded by a Regulatory Impact Analysis (RIA).

5. However, as provided for in item II of Article 4 of the aforementioned Decree, the requirement for RIA does not apply to normative acts intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives. Thus, in view of this provision, the normative instruction proposal presented here is exempt from the preparation of an RIA.

For your consideration.

Uverlan Rodrigues Primo
Deputy Head

Agreed.

João André Calvino Marques Pereira
Head of Department